How do I file Form 8938, Statement of Specified Foreign Financial Assets?
To get to the 8938 section in TurboTax (requires Deluxe or higher):
- Open (continue) your return if you're not already in it.
- Search for 8938 inside your program and click the "Jump to" link in the search results.
- On the Foreign Financial Assets screen, select Yes, I have foreign financial assets, answer "yes" or "no" to living in a foreign country, and click Continue.
- Carefully follow the onscreen instructions and we'll fill out Form 8938 for you.
Tip: Foreign real estate is not considered a foreign financial asset, nor are foreign investments (if owned through a U.S. brokerage or listed on a U.S. exchange) or money in a foreign branch of a U.S. bank. Hence, Form 8938 isn't required in these situations.